OK - let's continue our discussion about some of the ways to protect yourself from mortgage scams:
1. Before closing your loan, get a copy of the loan papers with all of the terms and conditions well in advance so you have time to review them. If anything is different between the loan papers you reviewed and the loan papers that are presented to you at closing, there may be a problem.
2. Be careful of high points (a "point" is 1% of the loan value. For example with a $100,000.00 loan one point is equal to $1000.00).
3. Don't accept a lender's credit report. Run your own credit report.
1. Before closing your loan, get a copy of the loan papers with all of the terms and conditions well in advance so you have time to review them. If anything is different between the loan papers you reviewed and the loan papers that are presented to you at closing, there may be a problem.
2. Be careful of high points (a "point" is 1% of the loan value. For example with a $100,000.00 loan one point is equal to $1000.00).
3. Don't accept a lender's credit report. Run your own credit report.
NOTE: THE INFORMATION IN THIS BLOG IS NOT LEGAL ADVICE NOR
IS IT INTENDED TO BE LEGAL ADVICE. IF
THE READER HAS ANY LEGAL QUESTIONS, PLEASE REFER TO AN ATTORNEY.
----------à>>>>>>>>>>>>>>>gene
tausk
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